The Padres have agreed to terms with right-hander Chad Qualls, according to a team press release. The contract is for one year with a team option for 2012. Qualls will earn $1.5MM next season and it will cost the Padres $1.05MM to buy out the 2012 option, according to MLB.com's Corey Brock (Twitter link). Qualls is represented by Hendricks Sports.
We heard last week that the two sides were close to a deal, and with its finalization, Tampa Bay picks up a supplementary round draft pick as compensation for Qualls. (San Diego doesn't lose any picks, as Qualls was a Type B free agent.) The Rays now have 13 of the first 90 picks in the 2012 amateur draft.
Qualls, 32, began last season as the Diamondbacks' closer, but struggled finishing games and found himself traded to the Rays at the deadline. He posted a 7.32 ERA, a 2.33 K/BB ratio, and a 13.0 hits/9 rate in 70 appearances with Arizona and Tampa Bay last season. Qualls was said to be looking for a one-year contract so he could rebuild his value for a larger deal next winter.